Accountancy firm RSM has signed a new lease to take its footprint at 20 Chapel Street, Liverpool from 2,500 sq ft to 6,000 sq ft.

RSM was advised by JLL. The 155,000 sq ft building was bought by asset manager Canmoor on behalf of British Airways Pension Trustees in June 2016 for just under £20m. Other occupiers include Barclays, Liverpool FC, Police Mutual, CS Financial and The Lead Agency.

Sam Walker, director at Canmoor, said: “It is testimony to the location and quality of the building that RSM have chosen to remain and expand. We currently have a further three deals in solicitors’ hands, which when completed will take the occupancy rate of the building up to 85% and leave us with only one entire floor remaining.

“The strength of interest we are experiencing in 20 Chapel Street only serves to reinforce our belief in the asset.”

Graham Bond, RSM’s office managing partner in Liverpool, said: ‘Liverpool is a crucial market for RSM. We see huge growth potential here and investing in a larger office space in the heart of Liverpool’s commercial district not only reinforces our position as a leading firm, but demonstrates our commitment to the city.”